Nextgen Digital closes $826,000 private placement

Executive Summary

• Nextgen Digital Platforms Inc. has closed the first tranche of its non-brokered private placement, raising $826,000 by issuing 2,065,000 units at $0.40 per unit.
• CEO Matthew Priebe has resigned effective December 5, 2025, to pursue other opportunities.
• The company anticipates closing additional tranches of the offering in the coming weeks, with net proceeds designated for corporate development, marketing, and working capital.

Key Details

• Financing Structure:
  • Transaction: Non-brokered private placement of units.
  • Units Issued (Tranche 1): 2,065,000 units.
  • Price Per Unit: $0.40.
  • Gross Proceeds: $826,000.
  • Unit Composition: Each unit consists of one common share and one-half of a transferable common share purchase warrant.
  • Warrant Terms: Each whole warrant entitles the holder to purchase one additional share at an exercise price of $0.60.
  • Warrant Expiry: 24 months from closing.
  • Acceleration Clause: If the closing price of common shares exceeds $0.90 for any 10 consecutive trading days, the expiry accelerates to 30 calendar days (commencing 7 days after the last premium trading day).
  • Statutory Hold: Four months plus one day.
• Finder’s Fees (Tranche 1):
  • Cash Compensation: $30,820 paid to eligible finders.
  • Warrant Compensation: 57,050 common share purchase warrants issued to finders.
  • Finder Warrant Terms: Exercisable to acquire one common share at $0.40 per share for a period of 24 months.
• Use of Proceeds: Corporate development, marketing, and general working capital.
• Future Plans: The company anticipates closing one or more additional tranches of the offering in the coming weeks.
• Management Change:
  • Event: Resignation of Chief Executive Officer.
  • Individual: Matthew Priebe.
  • Effective Date: December 5, 2025.
  • Reason: To pursue other opportunities.

Notable Quotes

• "The company would like to thank Mr. Priebe for his contributions to the company."